Only about Rs 200 crore is likely to be raised through

May 31, 2013

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Hermes Belt Replica The amount raised will go into drinking water project that will cost around Rs 450 crore,” says M Thennarasan, Municipal Commissioner, Surat Municipal Corporation.GreaterVisakhapatnamMunicipal Corporation (GVMC) is also planning to take the municipal bond route. “We are currently in the initial stages of planning and are in the process of preparing a detailed project report for construction of an underground drainage project which is likely to cost around Rs 650 crore. Only about Rs 200 crore is likely to be raised through municipal bonds,” say sources in the GVMC.GVMC had accessed the capital markets through municipal bonds (without guarantee) in 2010 to raise Rs 30 crore.Ratings ranging from AAA to D will help determine how these cities, which are part of the Smart Cities Mission and Atal Mission for Rejuvenation and Urban Transformation (AMRUT), raise money and on what terms.Ratings for 317 out of 436 smart cities have been completed so far Hermes Belt Replica.